Many families wonder how to reduce electricity bills, which can save them big in the long-term. In case you aren’t convinced, check this stat out: 7.3% of the average consumer’s total annual income goes to energy costs.
The good news is that reducing your electric bill does not have to be a time consuming or expensive project. There are a lot of little things you can do around the house to start saving money and electricity right away. So read how to reduce electric bills in 4 easy steps and count the savings today.
Step 1: Hang dry your laundry
Whether you get a drying rack for the living room or clothesline for your backyard, there are a lot of benefits to hang dry your laundry. If your family does 8 loads of laundry a week and you hang dry most of those instead of using the dryer, you’ll save over $70 a year!
Step 2: Install a programmable thermostat
A programmable thermostat can cost $50-100, but the savings will add up fast. This is because they allow you to turn down the temperature in your home when no one is around or at night when people are sleeping. If you are wondering how to reduce electric bills, this can make a huge impact as most households spend hundreds of dollars on heat, not to mention A/C as well.
Step 3: Adjust your hot water heater
Turning down your water heater 5-10 degrees can do a lot to help. Many homes have their water set hotter than they need it to be. If you find the water coming out of your tap too hot, it’s a sign you should turn down your water heater.
Step 4: Unplug phantom loads
Make sure to unplug electronics when you don’t need them. Many loads continue to draw a current even if they aren’t in use. This is especially true for a cell phone which is plugged in to charge overnight. It will continue to draw electricity at the same rate well after it is charged, meaning you are paying to have your phone charged the entire night.
Read more about how to keep yourself motivated and save for a goal.